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GameStop Corp. Message Board

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  • francozampetti francozampetti May 17, 2011 7:47 AM Flag

    No more Len Riggio? Hmmm

    Agreed. I'm very curious to watch this unfold. I believe there is more to this than just "retirement".

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    • Maybe he saw what happened to his Barnes and Noble, and wanted out of GME with some cash while it was still worth something. Let other bagholders carry the risk of hoping it can switch business models while half their profits come from used physical games sold at brick and mortar, and let himself retire with cash in hand.

      If anyone is thinking, "OMG buyout", why wouldn't he have held his shares a little longer to collect any acquisition premium? Would *you* sell everything if a buyer was sniffing?

      • 1 Reply to jesterbunk
      • Rick Snyder sold.

        Since incan easily speculate reasons one would sell off all shares, like perhaps using the cash for joint venture or a new start up company.....

        Lots of reasons.

        I am not a mind reader though. But, I see nothing wrong with Gamestops bricks and mortor buisness. I see pure growth.

        Same store sales were up in the last earnings report.
        That is growth. That is not a signal that retail is going away.

 
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